Empirical Financial Services LLC d.b.a. Empirical Wealth Management Acquires 303 Shares of Deere & Company $DE

Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in Deere & Company (NYSE:DE) by 7.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,452 shares of the industrial products company’s stock after buying an additional 303 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Deere & Company were worth $2,264,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Activest Wealth Management lifted its stake in shares of Deere & Company by 2,750.0% in the 1st quarter. Activest Wealth Management now owns 57 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 55 shares during the period. Hughes Financial Services LLC purchased a new position in shares of Deere & Company in the 1st quarter valued at approximately $29,000. Cornerstone Planning Group LLC lifted its stake in shares of Deere & Company by 116.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 36 shares during the period. Marshall & Sullivan Inc. WA purchased a new position in shares of Deere & Company in the 2nd quarter valued at approximately $38,000. Finally, Livelsberger Financial Advisory purchased a new position in shares of Deere & Company in the 2nd quarter valued at approximately $39,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Stock Up 0.2%

Deere & Company stock opened at $462.59 on Friday. The firm has a market cap of $125.05 billion, a price-to-earnings ratio of 24.18, a PEG ratio of 2.97 and a beta of 1.02. The stock has a fifty day simple moving average of $484.64 and a two-hundred day simple moving average of $489.09. Deere & Company has a 12 month low of $387.03 and a 12 month high of $533.78. The company has a current ratio of 2.19, a quick ratio of 1.98 and a debt-to-equity ratio of 1.76.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, August 14th. The industrial products company reported $4.75 EPS for the quarter, topping analysts’ consensus estimates of $4.62 by $0.13. The business had revenue of $10.36 billion during the quarter, compared to analyst estimates of $10.33 billion. Deere & Company had a return on equity of 21.97% and a net margin of 11.72%.The company’s quarterly revenue was down 9.0% compared to the same quarter last year. During the same quarter last year, the company earned $6.29 EPS. Equities analysts predict that Deere & Company will post 19.32 EPS for the current fiscal year.

Deere & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Tuesday, September 30th will be issued a $1.62 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.4%. Deere & Company’s dividend payout ratio (DPR) is presently 33.87%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on DE shares. Wolfe Research lowered their target price on Deere & Company from $550.00 to $520.00 and set an “outperform” rating for the company in a research note on Friday. Melius Research upgraded Deere & Company from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 6th. JPMorgan Chase & Co. lowered their price objective on Deere & Company from $500.00 to $495.00 and set a “neutral” rating for the company in a research note on Tuesday, September 2nd. Daiwa Capital Markets lowered their price objective on Deere & Company from $565.00 to $530.00 and set an “outperform” rating for the company in a research note on Thursday, September 25th. Finally, Robert W. Baird lowered their price objective on Deere & Company from $520.00 to $488.00 and set a “neutral” rating for the company in a research note on Friday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $518.18.

About Deere & Company

Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.